Last Updated: October 3, 2025
Analyzing Management
For hedge funds and asset managers, the quality of public company leadership plays a pivotal role in both early-stage due diligence and continuous risk assessment. ManagementTrack offers a consistent methodology that filters out distractions—highlighting distinct advantages and shortcomings, identifying warning signs and positive indicators, and establishing a straightforward connection between CEO actions and investment outcomes.
CEO Roth’s history of missteps threatens urgent balance sheet & dev execution.
Analysis of Vornado Realty Trust CEO Steve Roth
Despite proven asset monetization skills, a history of value-destructive investments and struggles against macro headwinds may leave Steve Roth poorly aligned with Vornado’s urgent balance sheet and development execution needs.
Management evaluated Steve Roth’s track record and skillset against the following key factors for VNO:
- Sustaining balance sheet discipline amid rising rates and capex.
- Countering hybrid work’s impact on Manhattan office demand.
- Leasing PENN 2 to validate the PENN District investment thesis.
- Monetizing non-core assets to de-lever and refocus the portfolio.
Steve Roth’s Track Record & Key Open Questions to Research
ManagementTrack provides track record analysis, career playbooks, strengths, and weaknesses for every CEO. It allows investors to dig deeper to uncover hard to find data to answer the most pressing questions.
Reach out to sales@paragonintel.com or visit https://paragonintel.com/access-now/ for more information.
Question #1
To what extent does Roth’s personal ambition to realize his legacy Penn District vision override his discipline as a capital allocator, particularly when market signals suggest patience or a strategic pivot is required?
Question #2
When forced to choose between deploying capital to maximize the long-term value of a single trophy asset versus pursuing strategies that deliver more immediate and certain returns to public shareholders, where does Roth’s conviction truly lie?
Question #3
Given the failure of his non-core retail investments and the current structural challenges in office, does Roth possess the intellectual flexibility to abandon his legacy dealmaking playbook in favor of a more operational, risk-averse strategy, or is he predisposed to seek another transformative, high-risk bet?
Why Do Investors Use ManagementTrack?
Q: What is ManagementTrack’s analysis of Steve Roth at VNO?
A: Through its proprietary career analysis and interviews with former colleagues, ManagementTrack establishes an executive’s track record, core competencies, and potential blind spots. This profile is then evaluated against VNO’s most critical challenges: maintaining balance sheet discipline amid rising rates, countering hybrid work’s impact on Manhattan office demand, validating the PENN District investment thesis through leasing, and monetizing non-core assets to de-lever the company.
Q: Beyond career analysis, what other methods does ManagementTrack use to forecast management’s impact on performance?
A: ManagementTrack utilizes proprietary models to detect and contextualize executive evasion during earnings calls, flagging any unusual patterns. The platform also scrutinizes all insider transactions, identifying outlier trades that are predictive of future stock movements. These quantitative signals are synthesized with the ManagementTrack Rating, a predictive 1-10 score for every executive, to give investors a clear, forward-looking view on how management will shape company performance.
Q: Which companies and executives does ManagementTrack cover?
A: ManagementTrack provides real-time, comprehensive coverage of the entire c-suite for every publicly traded company.
How to Learn More
Reach out to sales@paragonintel.com or visit https://paragonintel.com/access-now/ to see our deep dive analysis on any executive.
Author
Author: Colby Howard is the co-founder and President of Paragon Intel. Paragon Intel’s ManagementTrack is the premier executive analysis platform for hedge funds, asset managers, corporations, boards, and recruiters. Our proprietary data, built over a decade of analysis, allows us to analyze each public company executive to understand their fit and ability to execute at their company. We leverage our proprietary data – key quantitative research on an executive’s career plus interviews with their former colleagues – with public documents, including SEC filings (10-K, 10-Q), investor presentations, press releases, and earnings call transcripts. to build a holistic, evidence-based view of an executive’s capabilities and playbook.
Sources
Verified Career History by ManagementTrack for Steve Roth
Analysis of Capital Allocation, Performance, and Fundamentals across career by ManagementTrack
Vornado Realty Trust 10Q
Vornado Realty Trust 10K
Vornado Realty Trust Earnings Calls
Vornado Realty Trust Press Releases
Relevant Links
- For more information on ManagementTrack’s Data visit: https://paragonintel.com/management-track-data/
- For more information on ManagementTrack’s Interview & Analysis visit: https://paragonintel.com/management-track-reports/
- For more information on ManagementTrack’s Interview library visit: https://paragonintel.com/management-track-report-library/
- For more information on ManagementTrack’s Evasion Analysis visit: https://paragonintel.com/earnings-call-evasion/
- For more information on how ManagementTrack helps hedge funds and asset managers visit: https://paragonintel.com/
